31-Aug-2026 14:27:05

APOLLO PIPES LIMITED : EXPANDS INTO TILES & CERAMICS BUSINESS

• Board approved an investment plan of up to ₹300 Cr for setting up a subsidiary(ies) to enter the tiles and ceramics business. • Proposed subsidiary(ies) will be engaged in manufacturing, trading, marketing, and distribution of tiles, ceramics, and allied products. • Authority delegated to MD and JMD severally for incorporation and investment decisions. • Approved issuance of up to 31,00,000 warrants convertible into equity shares to non-promoters on a preferential basis. • Warrants to be issued at ₹610/- each, aggregating up to ₹189.10 Cr. • Authorized share capital to be increased from ₹50,000 Cr to ₹60,000 Cr.

Apollo Pipes Limited

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